Prime Minister Manmohan Singh has taken some bold steps to revive the economy and improve governance, Vineet Jain, Managing Director, Times Group, said. These include a recent cabinet reshuffle that sends out a clear signal that his government means business, he said. He was speaking at The Economic Times Awards for Corporate Excellence.

"Some weeks ago, the government sprang into action with a spate of reforms, with none other than the father of economic reforms at the helm," he said, while announcing the evening's high-power discussion on the topic, 'Can the recent burst of reforms return us to high growth?'

The question comes in the backdrop of recent reforms that have helped dispel a sense of policy paralysis. Earlier, congratulating the winners, Jain said they have risen to the challenges of a tough year, building successful business models from finance to food, healthcare to hospitality. The awards, he said, are a celebration of the grit and determination shown by them.